Bank of America Expands Its CashPro® Payment API Capability to Over 350 Payment Types

PR Newswire

“Bank of America today announced the launch of an expanded CashPro Payment API through which clients can access more than 350 payment types and bundle payments. The development comes as Application Programming Interfaces (APIs) continue to transform business-to-business (B2B) and business-to-consumer (B2C) transactions given the ability of APIs to provide real-time data, reduce costs and improve operational efficiencies. The breadth of capabilities of the enhanced CashPro Payment API spans: More than 350 payment types in 38 markets globally; 7 real-time payments schemes and services such as Zelle in the U.S. and Pix in Brazil; Domestic and cross-border wires; Domestic ACH; Local payment instruments such as Brazil Boletos; Ability to execute payments in bundles, helping clients avoid or reduce backlogs in payment queues.”